ATLANTA, GA – Elemica, a cloud-based digital supply network for global manufacturing industries, is celebrating 20 years of doing business. The company has significantly changed since inception – moving from a chemical industry focus to providing next-gen supply chain solutions centered on a robust digital network across all global manufacturing industries. Today the company processes over $600 billion in commerce annually through its network, automating the buy, sell, move, and quality transactions to accelerate digital transformation.
“We want to thank our hardworking employees and exemplary customers for their dedication to our success for the past 20 years, and we look forward to another 20 years of delivering valuable solutions to clients,” said Rich Katz, CEO of Elemica.
In 2000, the world’s leading chemical companies created Elemica as a way to simplify doing business with each other by automating buying, selling and logistical transactions over a private network. In that time, 20 companies were on the network. Through the years thousands more companies joined the network, including suppliers, buyers and logistics providers, and the world’s leading chemical, consumer goods, food and beverage, pharmaceutical, and automotive businesses.
“To remain competitive, companies must transform their supply chains to focus on the customer by quickly responding to demand and the customer experience,” said industry analyst Adrian Gonzalez, President, Adelante SCM. "The next wave of supply chain innovation will come from enabling ‘the network effect’ in supply chain and logistics. Network-based platforms like Elemica are the business equivalent of Facebook and LinkedIn, enabling large communities of trading partners to communicate, collaborate and execute supply chain processes in more efficient, scalable and innovative ways."
As cloud computing and software-as-a-service apps became more popular, Elemica re-built the network to focus more on what matters for clients, creating a successful and collaborative partnership between trading partners that adds real value over the long term. The new supply chain architecture is a multi-tier business-to-business network that provides reliable secure connections and communications with all trading partners: suppliers, logistics service providers, and customers. The new platform makes it easier to add trading partners to the network and to bring visibility end-to-end, helping businesses to gain a competitive edge.
Over the years, Elemica has introduced game-changing solutions to automate the buying, selling, moving, quality and seeing transactions that drive value through the supply chain, along with:
- Elemica ENRICH — a flexible self-service network data management tool that works across a company’s partner base to improve data quality issues by cross-referencing products and location identifiers;
- IoT, Smart Contract, and Data Science Enabled Network — allowing the network to handle discrete data from many sources and execute on public or permissioned blockchains, making it ideal for machine learning services.
- Digitization on Spanning all Order Channels — new innovations in network and integration management that allow companies to meet every trading partner wherever they are on their digitization journey, allowing a client to receive accurate and validated order and shipment details automatically into their ERP and TMS systems;
- Elemica Pulse — an end-to-end supply chain visibility and monitoring solution for enterprise and service provider networks that discovers physical and virtual inventories and logical overlays.